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Bill Barrett (BBG +5.2%) moves up this morning after Morgan Stanley initiates coverage with an...

Bill Barrett (BBG +5.2%) moves up this morning after Morgan Stanley initiates coverage with an Overweight and a $30 price target. Morgan says the stock has a compelling risk-reward profile, with a strong likelihood that it transforms from a high-cost gas producer into an oil company with deep inventory. At current levels the stock offers cheap exposure to gas, trading at just 6.1x 2013e EBITDA versus 9.6x for its peers.
Comments (1)
  • I agree w Drew "little success is priced in". They've made some large investments in oil, see p. 7 :
    http://bit.ly/120LcoZ
    18 Jul 2013, 02:40 PM Reply Like
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